香港比特币 ETF 掀起波澜，迎来节税加密货币时代

香港推出的比特币 ETF 提振了市场，其实物认购模式使其有别于美国同行。这种税收优惠的系统允许投资者直接将资产换成基金单位，受到了 Blockstream 首席执行官 Adam Back 的赞扬，并引发了大幅增长的预测。在美国 ETF 资金流出之际，此举引发了人们对中国潜在参与的兴趣，表明比特币投资的竞争加剧。

Hong Kong's Bitcoin ETFs Cause Waves, Ushering in a Tax-Efficient Crypto Era

香港比特币ETF掀起热潮，开启节税加密时代

Hong Kong has made a groundbreaking move in the cryptocurrency market, launching Bitcoin exchange-traded funds (ETFs) that have sparked a surge of optimism among investors.

香港在加密货币市场上取得了突破性进展，推出了比特币交易所交易基金（ETF），引发了投资者的乐观情绪。

Unlike their US counterparts, which have faced net outflows, Hong Kong's ETFs adopt an in-kind subscription model. This unique approach allows investors to directly exchange assets for fund units, significantly reducing tax implications.

与面临资金净流出的美国ETF不同，香港ETF采用实物认购模式。这种独特的方法允许投资者直接将资产换成基金单位，从而显着减少税收影响。

Adam Back, CEO of Blockstream, hailed Hong Kong's ETF model as a beacon of tax efficiency, praising its in-kind entry/exit system. This feature attracts capital without the risk of bankruptcy-related selling, ensuring a continuous and vibrant market.

Blockstream 首席执行官 Adam Back 称赞香港的 ETF 模式是税收效率的灯塔，并赞扬其实物进入/退出系统。这一功能可以吸引资金，而无需承担破产相关出售的风险，从而确保市场持续活跃。

Analysts are bullish on the growth potential of Hong Kong's Bitcoin ETFs. Rebecca Sin of Bloomberg Intelligence estimates $1 billion in inflows over the next two years, a figure that Harvest Global CEO Han Tongli considers conservative given Hong Kong's diverse investor base.

分析师看好香港比特币 ETF 的增长潜力。彭博资讯 (Bloomberg Intelligence) 的丽贝卡·冼 (Rebecca Sin) 估计，未来两年将有 10 亿美元的资金流入，嘉实环球 (Harvest Global) 首席执行官韩同立 (Han Tongli) 认为，考虑到香港多元化的投资者基础，这一数字较为保守。

Amidst news of US ETF outflows totaling $51 million on April 29th, attention is shifting to the potential role of China. Gabor Gurbacs of VanEck believes China's approval likely lies behind Hong Kong's ETF launch, signaling an intensifying East-West competition in Bitcoin investments.

4 月 29 日，有消息称美国 ETF 资金流出总额达 5100 万美元，人们的注意力开始转向中国的潜在角色。 VanEck 的 Gabor Gurbacs 认为，中国的批准可能是香港 ETF 推出的原因，这表明东西方在比特币投资方面的竞争正在加剧。

The debut of Hong Kong's Bitcoin ETFs signifies a seismic shift in the global cryptocurrency landscape, offering investors a new avenue to participate in the evolving digital asset market.

香港比特币 ETF 的推出标志着全球加密货币格局发生了巨大变化，为投资者提供了参与不断发展的数字资产市场的新途径。

Experts believe that Hong Kong's ETFs will attract a wide range of investors, from those seeking diversification to those who believe in the long-term potential of Bitcoin. The city's established financial infrastructure, coupled with its tax-advantaged ETF structure, makes it an ideal hub for cryptocurrency innovation.

专家认为，香港的ETF将吸引广泛的投资者，从寻求多元化的投资者到相信比特币长期潜力的投资者。该市成熟的金融基础设施，加上税收优惠的 ETF 结构，使其成为加密货币创新的理想中心。

The launch of Hong Kong's Bitcoin ETFs is a significant milestone in the development of the cryptocurrency market. It sets a new precedent for tax-efficient investing in Bitcoin and is poised to fuel further growth in the industry.

香港比特币ETF的推出是加密货币市场发展的一个重要里程碑。它为比特币的节税投资开创了新的先例，并有望推动该行业的进一步增长。

As the global regulatory environment for cryptocurrencies continues to evolve, Hong Kong's proactive stance in embracing Bitcoin ETFs is a testament to its commitment to innovation and its role as a global financial center.

随着全球加密货币监管环境不断发展，香港积极拥抱比特币ETF的立场证明了其对创新的承诺及其作为全球金融中心的地位。